Funding plan of BPCL announced

At the Annual General Meeting of Bharat Petroleum Corporation Limited (BPCL) held on 21st September 2016, shareholders of the company approved private placement of non-convertible bonds/debentures and/or other debt securities. In exercise of the said delegated authority, BPCL is planning to raise up to Rs. 2,000 Cr during the current financial year through private placement of secured non-convertible debentures subject to market conditions.
The debentures are proposed to be listed on Debt Market segment of the BSE Ltd. and National Stock Exchange of India Ltd. (NSE).

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